Depreciation Of Assets 4
At the end of this lesson, the students should be able to understand the Depreciation Of Assets
Straight line method:Depreciation Of Assets
At the end of this lesson, the students should be able to understand the depreciation Of Assets
Disposal of fixed asset
At the end of this lesson, the students should be able to understand the Depreciation Of Assets
Depreciation Of Assets:The Reducing balance method
At the end of this lesson, the students should be able to understand Depreciation Of Assets
Reducing balance or written down value method
Identifying reducing balance method in depreciation items.
Calculating and post provision for depreciation to final accounts.
Straight line method
Various causes of depreciation.
Straight-line methods items.
Calculating and post provision for depreciation to final accounts.
Account Of A Non-Profit Organization Ii
At the end of this lesson, the students should be able to understand the Account Of A Non-Profit Organization
Issues Of Shares: For future of Shares
At the end of this lesson, the students should be able to understand the Issues Of Shares
Subsidiary Books And Source Document
At the end of this lesson, the students should be able to understand Subsidiary Books And Source Document
Control Account(Ii)
At the end of this lesson, the students should be able to understand Control Account
Control Account(Iii)
At the end of this lesson, the students should be able to understand Control Account
Control Account
At the end of this lesson, the students should be able to understand Control Account
Purchases ledger (Total Creditors Account)
Identify purchases ledger items
Prepare purchases ledger control account.
Sales Ledger (Total Debtors Control Account)
Explain the meaning and uses of control account.
identify sales ledger.
prepare sales ledger control account.
Trial Balance and Correction of Error:Suspense Account
Explain the need for trial balance.
Extract balances from ledger to the trial balance.
Balance the trial balance.
Correct Errors that affect the trial balance.
Identify Errors that do not affect the trial balance.
Trial Balance and Correction of Error (II)
Explain the need for trial balance.
Extract balances from ledger to the trial balance.
Balance the trial balance.
Correct Errors that affect the trial balance.
Identify Errors that do not affect the trial balance.
Balance Sheet
Distinguish between assets and liabilities.
Identify the different types of assets and liabilities.
Classify assets and liabilities.
Prepare a balance sheet.
Adjustments in Profit and Loss Account
Distinguish between bad debts and provisions for bad debts.
Make the entries of bad debts and bad debts provisions into Ledger and Final Account.
Distinguish between prepayments (payments in advance) and accruals (payments in arrears).
Make entries of payment (payment in advance) and Accounts (payments in arrears) to the final account.
Identify provisions for discount allowable.
make entries into the ledger and final accounts of provisions for discounts allowable.
Identify provisions for depreciation.
Make entries into ledger and final accounts of provisions for depreciation.
Profit and loss Account
Learners should be able to:
Explain Profit and Loss
Account items from given information.
Identify the format of a Profit and Loss Account.
Prepare Profit and Loss account.
Determine net Profit or Loss.
Trading Account
Identify Trading Account items.
Prepare the Trading Account.
Determine:
– Cost of goods available.
– Cost of goods sold.
– Sales